Electriciteitswerken Boon
ActiveElectriciteitswerken Boon has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €110k and a net result of €-30k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 58% of 26052 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability5▼-86
Solvency67▼-18
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 1.82 against 2.61 in 2023; short-term debt: 41.7% and cash: 30.5% of total assets), but 58.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
41.6%
Return on assets
-11.2%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
16 d early
2022
29 d late
2021
12 d early
2020
37 d early
2019
101 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€110k▼ 33.3%
2023 · €165k
2018: €248k
2019: €300k
2020: €152k
2021: €215k
2022: €175k
2023: €165k
2018 → 2024
Total assets
€265k▼ 4.5%
2023 · €278k
2018: €373k
2019: €465k
2020: €289k
2021: €311k
2022: €256k
2023: €278k
2018 → 2024
Net result
€-30k
2023 · €48k
2018: €25k
2019: €53k
2020: €-111k
2021: €83k
2022: €-7k
2023: €48k
2018 → 2024
Working capital
€91k▼ 42.2%
2023 · €158k
2018: €230k
2019: €283k
2020: €143k
2021: €212k
2022: €166k
2023: €158k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€152k-€215k▲ 41.6%€175k▼ 18.5%€165k▼ 5.6%€110k▼ 33.3%
Operating result€-97k-€84k€-5k€67k€-29k
Net result€-111k-€83k€-7k€48k€-30k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €29k after €67k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €265k
Fixed assets
€64k▲ 183%
Current assets
€202k▼ 21.0%
Equity and liabilities €265k
Equity
€110k▼ 33.3%
Debt
€155k▲ 38.0%
The debt ratio rises from 40.5% to 58.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-18k▼
2023 · €75k
Cash flow
€-19k▼
2023 · €56k
Solvency
41.6%▼
2023 · 59.5%
Current ratio
1.82▼
2023 · 2.61
Quick ratio
1.35▼
2023 · 2.17
Debt / equity
1.41▲
2023 · 0.68
ROE
-26.9%▼
2023 · 29.3%
ROA
-11.2%▼
2023 · 17.4%
Interest coverage
-4.93▼
2023 · 38.80
Debt
€155k▲
2023 · €112k
Debt ≤ 1 year
€111k▲
2023 · €98k
Debt > 1 year
€44k▲
2023 · €15k
Income taxes
€942▼
2023 · €17k
Staff costs
€99k▲
2023 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€278k€265k▼
Fixed assets21/28€22k€64k▲
Tangible fixed assets22/27€22k€59k▲
Furniture and vehicles24€21k€59k▲
Other tangible fixed assets26€998€216▼
Financial fixed assets28€62€5k▲
Current assets29/58€255k€202k▼
Stocks and contracts in progress3€43k€53k▲
Stocks30/36€15k€15k=
Contracts in progress37€28k€38k▲
Amounts receivable within one year40/41€78k€56k▼
Trade receivables40€59k€44k▼
Other amounts receivable41€18k€12k▼
Cash at bank and in hand54/58€120k€81k▼
Deferred charges and accrued income490/1€14k€12k▼
Equity and liabilities
Total equity and liabilities10/49€278k€265k▼
Equity10/15€165k€110k▼
Contributions10/11€19k€19k=
Reserves13€147k€121k▼
Tax-exempt reserves132€19k€19k=
Distributable reserves133€128k€103k▼
Profit (loss) carried forward14-€-30k
Amounts payable17/49€112k€155k▲
Amounts payable after more than one year17€15k€44k▲
Financial debts170/4€15k€44k▲
Amounts payable within one year42/48€98k€111k▲
Current portion of amounts payable after more than one year42€6k€14k▲
Trade debts44€68k€36k▼
Suppliers440/4€68k€36k▼
Taxes, remuneration and social security45€24k€36k▲
Taxes450/3€17k€21k▲
Remuneration and social security454/9€7k€15k▲
Other amounts payable47/48-€24k
Income statement
Code20232024
Remuneration, social security and pensions62€58k€99k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€11k▲
Other operating charges640/8€5k€8k▲
Gross operating margin9900€138k€89k▼
Operating profit (loss)9901€67k€-29k▼
Financial income75/76B€77€4k▲
Recurring financial income75€77€9▼
Non-recurring financial income76B-€4k
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€65k€-29k▼
Income taxes67/77€17k€942▼
Profit (loss) for the period9904€48k€-30k▼
Profit (loss) for the period to be appropriated9905€48k€-30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€-30k▼
Profit (loss) brought forward from the previous period14P€-7k-
Transfer from equity791/2€58k€25k▼
Transfer to equity691/2€42k-
To other reserves6921€42k-
Profit to be distributed694/7€58k€25k▼
Return on contributions (dividend)694€58k€25k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €48k
Net result €48k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €83k
Net result €83k after one loss-making year.
31-12
Financial
Equity above €200kEq €215k ▲41.6%
Equity rises from €152k to €215k.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-111k ▼311%
Net result drops to €-111k, the lowest in the series; recovery starts the following year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Lokeren · 1 establishment unit since 2008
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Heiendestraat 929160 LokerenGround area
1,045 m²
Building footprint
181 m²
Parcel 46384C1751/00F000, Flanders. Linked by address, not a title deed.
1 establishment unit
Electriciteitswerken Boon
since 20082.175.942.305
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46384C1751/00F000 | Flanders | 1,045 m² | 1 · 181 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BELGIAN BUTTON COMPANY
BE 0882.217.770
Antwerpen · Eq €110k
ELECTRICITE ANDRE & FILS
BE 0835.294.318
Elsene · Eq €112k
Lovalumen
BE 0844.465.469
Holsbeek · Eq €108k
PerfectLights
BE 0779.447.854
Hamme (Vl.) · Eq €113k
EL'
BE 0457.663.024
Kampenhout · Eq €108k
Of 766 companies in sector 47552 we hold annual accounts for 444. 367 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-12-2008
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
47552Retail sale of lighting equipment
47592Retail trade
43222Installation of electric heating, air conditioning, cooling and ventilation
43990Other specialised construction activities
43999Specialised construction activities
46140Agents in the wholesale of industrial machinery, ships and aircraft
46431Wholesale of electrical household appliances and audio-video equipment
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.